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Hidayati A, Hermawan A, Soehadi AW, Hartoyo. Intra-family succession insights: the presence of millennial cohort successors. JOURNAL OF FAMILY BUSINESS MANAGEMENT 2020. [DOI: 10.1108/jfbm-07-2019-0052] [Citation(s) in RCA: 4] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/17/2022]
Abstract
PurposeThe purpose of this study is to shed some light on an important phenomenon – how and why intra-family succession may change if millennial cohorts are considered as successors. Specifically, it aims to explore the superordinate themes that support the success of intra-family succession from perspective of two different cohort successors (X and millennial).Design/methodology/approachAn interpretative phenomenological analysis (IPA) was adopted for detailed structural analysis of in-depth interview as it aims to explore meaning of participants' experiences. A total of ten individuals participated in the study.FindingsSeventeen superordinate themes emerged from participants' personal statements and experiences. The themes are grouped into four aspects: namely, characteristics of predecessor and successor, succession process, firm and family and succession output. These aspects were found to be different between X and millennial cohort successors. They then form an empirical model of intra-family succession from both perspectives.Research limitations/implicationsThis study enriches the theory of family firm by considering generational effect of successors on intra-family succession.Practical implicationsAs millennial cohort successors prefer to go directly into business (experiential learning) and are driven by non-material motives (passion-driven), predecessors are expected to utilize them in the process of nurturing and development.Originality/valueThis study considers the role of generation cohort in supporting the success of intra-family succession especially in relation to the characteristics of millennial cohort successors that have been shown to differ from that of X cohort.
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Montayre J, De-Arth J, Shrestha-Ranjit J, Neville S, Holroyd E. Challenges and adjustments in maintaining health and well-being of older Asian immigrants in New Zealand: An integrative review. Australas J Ageing 2019; 38:154-172. [DOI: 10.1111/ajag.12616] [Citation(s) in RCA: 5] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 04/23/2018] [Revised: 11/15/2018] [Accepted: 12/12/2018] [Indexed: 01/21/2023]
Affiliation(s)
- Jed Montayre
- Faculty of Health and Environmental Sciences; School of Clinical Sciences; Auckland University of Technology; Auckland New Zealand
| | - Jaden De-Arth
- Faculty of Health and Environmental Sciences; School of Clinical Sciences; Auckland University of Technology; Auckland New Zealand
| | - Jagamaya Shrestha-Ranjit
- Faculty of Health and Environmental Sciences; School of Clinical Sciences; Auckland University of Technology; Auckland New Zealand
| | - Stephen Neville
- Faculty of Health and Environmental Sciences; School of Clinical Sciences; Auckland University of Technology; Auckland New Zealand
| | - Eleanor Holroyd
- Faculty of Health and Environmental Sciences; School of Clinical Sciences; Auckland University of Technology; Auckland New Zealand
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